Personal imports worth less than BD300 exempted

Manama, Dec. 30(BNA): The Customs Affairs announced on Sunday that the personal imports and gifts for individuals worth less than BD300 would be exempted from the Value Added Tax (VAT) as part of the coordination and cooperation with the National Bureau for Taxation. It highlighted that the announcement came as part of the explanation of taxes and the administration fines linked to the VAT through the implementation of related rules and law and the methods of its calculation, of either 5% or 0%.